Carbon Pulse

Two offset projects located in Cambodia and China will supply the inaugural Mar. 16 auction on BCX, Bursa Malaysia’s new carbon credit exchange.

The Papua New Guinea government has released details of its long-awaited carbon market regulations that are scheduled to be implemented by the end of the month, however there are doubts the new rules will settle long-running land rights and governance issues.

New Forests seeks a qualified candidate for the position of Manager, Natural Capital & Carbon Analytics within the Investment Analytics team.

At the Our Ocean Conference that opened in Panama Thursday, the host government announced it is expanding its marine protected areas to cover more than half the nation’s oceans, while the EU said it will spend €816.5 million this year for various ocean protection initiatives.

Leveraging demand from regulatory compliance may be key to building a robust market for biodiversity credits, some experts have said, pointing towards the potential for a softening divide between voluntary- and compliance-driven approaches.

A daily summary of our news plus bite-sized updates from around the world.

California Carbon Allowance (CCA) prices will trend slightly lower this year as GHG output drops from the power and industrial sectors, while next week’s quarterly RGGI auction will clear at a significant premium to current secondary market levels, according to a recent analyst report.

A US government agency granted an exemption to the operator of California’s Diablo Canyon Nuclear Power Plant that allows the facility to run while the agency considers its license renewal application, according to a notice filed on Thursday.

California Carbon Allowance (CCA) prices shot up to new 2023 highs this week following a robust Q1 auction clear and encouraging regulatory announcements from several California ARB officials, while Washington Carbon Allowances (WCAs) recorded their first trades in months after the programme’s inaugural auction took place.

A New York biomass-fired power facility remains the only entity non-compliant with the RGGI cap-and-trade programme's true-up deadline for the sixth straight year, according to CO2 Allowance Tracking System (COATS) data published Thursday.

*PREMIUM LISTING - CrossBoundary is recruiting a full-time Associate Principal for our Natural Capital to lead transaction teams and business development focused on unlocking private capital for nature-based solutions with climate and biodiversity impact. We are seeking candidates with experience across finance, strategy, and nature-based solutions (carbon, conservation, natural capital, forestry, agriculture, etc.) in emerging markets.

California regulator ARB on Thursday announced it has for the second time voided compliance offsets from a Wisconsin-based livestock project, after the initiative was found once again to be in violation of a state waste management permit and groundwater standards.

A carbon credit ratings agency has downgraded a Verra-accredited renewables project in Vietnam, while putting three more on watch for a potential ratings change. 

An international network of environmental organisations on Wednesday cautioned against support for US agricultural carbon markets, citing risks that the offsets may fail to live up to environmental claims while enabling the biggest agribusiness corporations (Big Ag) to entrench market power and greenwash operations.

Large industrial companies in the EU will be able to buy gas attained via the European Commission’s joint gas purchasing scheme in an effort to lower costs for companies and consumers in the EU, a top official at the Commission told journalists on Thursday.

Xpansiv, the owner of the CBL marketplace, could include rating agency grades into the specification of its standardised products for the voluntary carbon market, a company executive told Carbon Pulse on Thursday as the firm gears up for its first carbon credit auction.

The European Commission has extended the scope of its ongoing in-depth inquiry into a German compensation schemes to support two of the biggest emitters in the EU ETS for the early phaseout of their lignite power facilities, the executive announced on Thursday.

EU carbon permit prices fell to their lowest in two weeks on Thursday, unwinding the gains that saw the market set a new record last week, as traders continued trimming long positions in reaction to the recent welter of cautious price forecasts while prompt energy markets rose on the back of firm crude oil prices.

Placing a value on risk when buying voluntary carbon market offsets will ease concerns of reputational damage and drive up demand, the founder of a carbon insurance firm that has just received  $7 million in seed funding told Carbon Pulse.

An offset trading platform established by a subsidiary of Japanese trading house Mitsui has said it will start offering trade in units from Japan’s J-Credit programme, making it the country's first privately-owned marketplace to trade such credits beyond the Tokyo Stock Exchange.